Since the US Securities and Exchange Commission (SEC) has shifted its stance on cryptocurrency to become pro-crypto, the regulatory body has a staggering 72 ETF applications awaiting approval. This comes after the success of the Bitcoin and Ethereum ETFs approved last year.
The ETF filings pour in as the US President Donald Trump-led administration has been the catalyst behind a historic shift in the crypto regulatory landscape, potentially opening the floodgates for institutional investment in digital assets.
Senior ETF Analyst for Bloomberg, Eric Balchunas, posted on X. “There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year,” he wrote.
There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff pic.twitter.com/IHTqqxeH35
— Eric Balchunas (@EricBalchunas) April 21, 2025
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Michael Saylor Says Atkins Will Be Good For Bitcoin
Paul Atkins was sworn in on Monday, 21 April 2025, as the 34th Chairman of the US SEC, marking a significant shift toward a more crypto-friendly regulatory stance.
Strategy Chairman Michael Saylor took to X to say, “SEC Chairman Paul Atkins will be good for Bitcoin.”
SEC Chairman Paul Atkins will be good for Bitcoin. pic.twitter.com/E4SjdCqWBE
— Michael Saylor (@saylor) April 22, 2025
Commenting on Atkins’ appointment, Trump said, “He’s the perfect man to lead this agency at a time when crypto innovators are urgently in need of regulatory certainty and clear rules of the road.
Meanwhile Atkins said that Bitcoin and crypto will be his top priority.
“As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors,” Atkins said. “Together we will work to ensure that the US is the best and most secure place in the world to invest and do business.”
SEC Changes Crypto Enforcement Strategy
Last month, the SEC officially ended its investigation into Australian-based crypto gaming firm Immutable, bringing a significant chapter in the company’s regulatory journey to a close.
The SEC’s move to close the Immutable case is part of a broader trend in its crypto enforcement strategy. In recent months, the agency has also dropped investigations into other major crypto firms, including OpenSea, Uniswap, Robinhood, and Gemini.
To enhance regulatory clarity, the SEC has also launched a crypto-focused task force led by Commissioner Hester Peirce.
Meanwhile, Ripple is nearing the end of its own legal battle with the SEC. A March 26 update confirmed Ripple will not pursue a counter-appeal after the SEC agreed to drop its appeal earlier this month.
The company will pay a reduced fine of $50 million, down from the initially proposed $125 million.
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